Foreign Exchange Risk Management In Nigeria Economy And Its Impact On Profits Of Banks

Management of risk is one of the essence of the business of banking. The extent to which risk management is being managed or controlled could either be said to be an art or science.Indeed a judicious mixture of both could form the subject of an interesting if inconclusive debate (Richard, 2008). These would however surely be little argument as to whether or not risk taking and risk management in banking require the deployment of special skills and judgment for it is in this field that banking ability of the individual or of the organization is most critically tested.It is therefore in view of …